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20121225
20121225
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CSPAN 4
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Search Results 0 to 20 of about 21 (some duplicates have been removed)
on capitol hill may be moving forward on a plan to avoid the so-called fiscal cliff next week. they left congress on friday with a promise to return after christmas. er
and hoping for better times in the coming months. the big topic remains the fiscal cliff. we don't know if we can avoid it, yes or no. there's still some hope for a kind of a deal done in the next few trading days, but all the talk about the fiscal cliff is keeping the mood on wall street down. blue chips trading a bit lower and a mixed session with retailers. it looks like the christmas shopping season was not that stellar, at least for the traditional retailers. the fiscal cliff is the big topic and traders are hoping we resolve that in the next few days. >> after his singsong of waiting until the sun shines. christmas eve and the dow slipping just a little bit down. in the currency market, the euro against the dollar, $1.3187. final day of the festive shopping season, the biggest moneymaker for plenty of retailers, so how did this year's sales measure up? >> it will take time for the numbers to be processed, but most think it was better than average. >> germans use the remaining hours before the shops close to snap up last-minute gifts. the big department stores in frankfurt were chock ful
the fiscal cliff - but there could also be a 'dairy cliff'. sevening next year, you dollars for a gallon of milk. a stalled farm bill means certain protections for farmers are expiring. a dairy subsidy ends january first. if congress doesn't act before then, the u-s would revert to a 63-year-old dairy policy. it would force the government to buy milk at inflated prices, driving up the cost for everyone. return to index of stories... >> christmas might be a good time to see a new movie. elizabeth corridan has a preview of this week's new releases. >> quentin tarantino's leaslatest project takes people to the deep south with jimmie foxx on a dangerous mission with leonardo to cabriole. this also stars several jackson, and it is rated r. >> les miserables is set in paris with anne hathaway and hugh jackman ...and 21st century kids are left in charge with bette midler and billy crystal. it's the bay area's favorite way to ring in the new year. we'll be bringing you the best parties and fireworks on 'new year's live.' i'll be hosting along with gary radnich. kron 4's - new year's live. start
the u.s. will fall off the fiscal cliff, leading to less disposable income next year. so this year, it's taking more than a good deal for retailers to make a sale. >> a lot of people talk about value. the thing they don't talk about is affordability. so while you may think that sweater at barney's or nordstrom's is a value, at whatever price it is, you can't afford it. and affordability is something that is resonating a lot more than value. >> reporter: so the season is not expected to be a sparkling one for merchants, with gains in the low to mid single digits. discounters are expected to do better than luxury stores. but don't forget, it is the holidays, and christmas just wouldn't be the same without a few splurges. >> we kind of get in the spirit of shopping. we go, okay, okay one more, oh they'd really like that, he'd really like that-- and a little for myself, too. >> reporter: erika miller, nbr, new york. >> susie: don't let the fiscal cliff scare you away from buying stocks. that's the advice to investors from andy cross, the chief investment officer at the motley fool. tom hud
, it looks like lawmakers will celebrate new year's eve at work-- if not resolving the fiscal cliff, at least trying to avoid the blame. darren gersh, nbr, washington. >> susie: going over the fiscal cliff will not only have an impact on the national level, it will also hit states and eventually cities. if lawmakers fail to reach a deal before january 1, the cliff's across the board spending cuts and tax increases will impact how much money states get from the federal government. ruben ramirez reports from washington. >> reporter: we all know the numbers. failing to reach a deal by january 1 will result in $109 billion in automatic cuts to federal spending. and while that's a big number, what matters most to states and municipalities is the small print, detailing just where those cuts will happen. and standard & poors' gabe pettek says those details could still be months away. >> even if the policymakers in washington, d.c., resolve the immediate issue before january 1 or shortly thereafter, we think there are going to be several details related to the administration of tax policy and the way
and safe and be loved. goodnight. fore this fiscal cliff thing happens. melissa francis is next. melissa: merry christmas eve, everyone. north american aerospace commander norad is currently tracking santa's progress. so far he has delivered within 2.3 billion gives. he has a way to go. my little guys are still waiting for their presence. captain, thank you for joining me. is there anything santa should look out for? >> not at all. we are looking very carefully. it looks like it will be smooth sailing for santa tonight. melissa: how is his progress so far? 2.3 billion is a lot of gifts. he has a lot of ground to cover. >> he is only about a third of the way through his journey. he is down in the and arctic area heading towards madagascar. it looks like he will be right over the eastern part of the united states at about 9:00 p.m. tonight. melissa: where has he been so far? >> so far, he has covered all of asia. he started off in the island and moved over to japan, russia, india, and is making his way up the east side of africa. melissa: you do not see any weather problems later tonight i
. s&p down three. >>> what might happen next year if congress doesn't avoid the fiscal cliff. a person earning 50-$75,000 a year would see a hike of $2,400. >>> gas prices in the bay area and around california are still dropping. that is according to aaa. the trend will continue into the new year. the average price of a gallon is $3.60-in san francisco. san jose $3.49. oakland $3.48. california is reflecting a national trend as demand is low and supplies are high. >>> back to the developing news we showed you earlier. an apparent head on collision had forced police to shut down highway 84. that has now been reopened but as a result of that closure you can see the traffic backup. this is highway 84 in the livermore area. westbound lanes, severe back up. no word about the injuries, what the conditions are of the people involved in the accident but we are continuing to work the phones and get more details. you can see from our picture here, the incredible traffic back up. if you are planning to be around that area, you might try to take another route. >>> move on to weather now. after yes
christmas many americans have lingering financial worries. we know there's that fiscal cliff hovering over us and we're about to go over the edge but right now no one in washington is really doing anything about it. >> no, on the christmas break. edward lawrence is in washington, d.c. this morning with more on what lies ahead in the days to come. so edward i guess we won't really see any action until at least thursday? is that right? >> reporter: yeah we won't see action until thursday because the senate doesn't get back into session until thursday at the moment the capitol is deserved. so is the white house, as you know president obama is in hawaii on his annual vacation. that he has every year here. now he spent christmas eve playing golf and working out at a local marine base out there. he also has another golf round planned again for today. the talks between the president and the house have broken down on this fiscal cliff there are to try and avoid the deadline that's coming up. on thursday when the senate comes back into session most of the house of representatives will also be back
. >>> it is not just the fiscal cliff that we're closing in on. a darely cliff? this is a new one. beginning next year you could be paying as much as $7 for a gallon of milk if congress doesn't step in. with all the concerns over the fiscal cliff, several other legislative matters are falling by the wayside. including a stalled farm bill that includes the dairy subsidy. it is set to end january 1st sending us all the way back to the 1950s policy requiring the government to buy milk at inflated prices. therefore driving up the cost for everyone. >>> i'm glad it's christmas. guess who's cozy by the fireplace here? our very own michelle griego sharing this photo from christmas eve. she doesn't know i'm sharing it with you -- >> i know. i know. >> she's at home with her family as you can see. they got the socks on. they're sitting on the couch. they're enjoying the fireplace. and the little socks to the far right is her 4-year-old daughter, my guess is giana is up and under the tree right now looking for goodies. >> that's so cute. i love that picture i think that's the future christmas card. >> i hope th
then the service will be restored. >> we talk about the fiscal cliff - but there could also be a 'dairy cliff'. beginning next year, you could pay as much as seven dollars for a gallon of milk. a stalled farm bill means certain protections for farmers are expiring. a dairy subsidy ends january first. if congress doesn't act before then, the u-s would revert to a 63-year-old dairy policy. it would force the government to buy milk at inflated prices, driving up the cost for everyone. we will be right back on the kron 4 morning news. first, let us take a look at the san francisco's skyline good is a post card morning. cold your forecast, coming up. factory weekend o after a snows over the weekend of sierra have been clear. and several ski resorts around lake tahoe are reporting record amounts of fresh powder. kron 4's charles clifford has an update on conditions this is along highway 50 in the salt lake tahoe with fresh power itself lake tahoe. >> all i just heard that charles clifford mentioned that we are going to see some of snowfall. and he also mentioned that this is one of the most snowies
maryland. what shoppers need to know. it may not be a pleasant new year to avoid the fiscal cliff. some of the implications that could affect your wallet. those stories and >> i believe you said you are keeping your eye on a snowy vent your yid -- snow event. >> tomorrow, i think, we might have a little bit of slipping and sliding in the morning. there could be some freezing rain. this will be mostly a rain each event on wednesday. the storm is on saturday. that might be cold enough for snow. that will be the day. new year's eve looks good. >> we will be watching. merry christmas, everyone. the nightly news is next. the nightly news is next.
going to put us in recession, regardless of the fiscal cliff. >> glover for questions made the comments yesterday on cnn if a -- grover norquist made the comments yesterday on cnn. >>> new this morning, 7-eleven trying to get healthier. the chain is in the process of introducing more nutritious items. that includes yogurt parfaits and lean turkey sandwiches. 7-eleven wants 20% sales to come from fresh foods byb7ñ the end of 2015. also retooling old favorites. jelly doughnuts sold in miniature versions. >>> that ipad under your tree may already be out-of-date. a japanese tech blog reports a new version of the popular tablet will hit stores in march, the blog says the new ipad will be thinner and lighter than the last, possibly as thin as the ipad mini. >> here's bloomberg reporter deborah costra. >>> good morning. merry christmas if you want to keep holidays merry and avoid unexpected medical bills remove all medications from cabinets into a secure area to protect loved ones who might be visiting, they can be taken by mistake or worse. more than half of the people addicted to prescripti
. with the focus on the fiscal cliff - other legislative matters are falling by the wayside.including a stalled farm bill. certain protections for farmers are expiring. one of them is the dairy subsidy, which ends january first. if congress doesn't act before then, the u-s would revert back to a 63-year-old dairy policy. it would force the government to buy milk at inflated prices, driving up the cost.. ------------------------ now showing les miserables- >> quentin tarantino takes movie goers to the deep south of a plantation owner ...with leonardo eicaprio samuel l. jackson and 'les miserables' the revolutionary tale is starring hugh jackman, russell crowe and anne hathaway... and aparental guidance' is a rated pg...with billy crystal and bette midler. kron 4. the biggest parties and spectacular fireworks. will all be on kron 4's new year's live show. gary radnich and i will be hosting. kron 4's - new year's live. starts at 11-30 on new years eve. . ♪ because we know how much you do to make the holidays just right. from ornaments to ottomans, memories are made with ikea. here's stanley robe
as the fiscal cliff, who will most likely make the next news story? guest: i think it has to be president obama. i think john boehner went through a devastating experience this last week when he called for a vote and did not have a vote. his troops abandoned him. it has been ongoing for a while, his relationship with some of these freshman. he is having a difficult time and i think he has been rendered -- left in a weakened state going forward. i think the people who still have power here -- the white house and the senate -- suddenly i think there is more and more attention given to senate republicans. it is not clear whether mitch mcconnell wants to play a role because he has a campaign coming in 2014. for some people on the far right, the idea that mitch mcconnell would make a deal with obama could be acceptable. you have 10 or more republican senators who say they are willing to do business with president obama in terms of approving an increase in the marginal tax rates. if that is the case, if you could get them to pass some kind of bill and then send it on to the house, and all boehner sai
to washington sooner than planned, what he is saying about avoiding the fiscal cliff. >>> and what they are doing to keep escalators in service at bart stations. >>> we have a report in the south bay coming up, we will tell you about that next. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. . >>> welcome back, new this morning, thousands have been left homeless in manila. authorities say a riot broke out after a second fire left 8,000 people homeless. a man was accused of starting the fire but the fire was likely sparked by a burning candle. >>>
in order to avoid going over the fiscal cliff? >> oh, yeah, i would be. you know, i think it is remarkable that right after the election we get this thing that comes right up in our faces that basically outlines in bold relief the differences in the two ideas about how we go forward in this country. it is really excellent timing, and we may have to go over the cliff, if it is forced into it. but this idea that you bring down the cost of medicare by making it unavailable to more people is a terrible idea of mr. boehner's. the idea -- i would be terribly upset, along with many of my friends, if obama compromised too much on what needs to happen that is called the fiscal cliff. >> do you think a prominent third-party would help our country? >> i felt strongly about that when i supported john anderson in 1979. he was -- a large part of anderson's campaign was to sue the state ballot procedure into allowing third parties to have more access to the electoral process. i would like to see a third party available, but that, too, seems like a really tall order. >> what do you think is the appropriat
, we have leon panetta, i'm sure if you have some advice on how to solve the fiscal cliff, i'm sure he'd like to hear that. >> while you are writing your next song, i'd like to present you with your coffee mug. it might give you some inspiration. >> thank you so much. [applause] >> i want to thank the national press club staff including the journalism broadcast center for organizing today's event. and i was wondering if you had one last song you'd like to sing us out on. [applause] >> do you want to sing? >> come on up. >> can she borrow your stool? >> this is my wife kim and here is the song we sing to our twin boys. actually about two years ago, we went in to sing them to sleep with this lullaby and we got the guitar out and sat down on the side of the bed and we were about to play the opening chords and rough fuss looked up at me and said you know dad, we don't have to do this anymore. [laughter] ♪ sonny, sure you're thinking now but the morning is slowly r ising so sober must be spinning round and i still love you would you close your eyes you can close your eyes it's all right o
the next week because we have that much time left and that's it over negotiations to avoid the fiscal cliff. what happens to your bottom line if we go over it? let's take a look at the possibility fallout on wall street, your taxes, your retirement plan, your wallet. excuse me. joining me now, i get all choked up, jordan goodman, financial advisor, author of, fast profits in hard times. that's where we are. >> you bet. jamie: jordan, well-come. let me bottom line is soft landing in january best we hope for at this point? >> i think we're going over fiscal cliff. that is why the markets anticipating that. soft landing temporary compromise is the best we can hope for. the worst we can hope for, probably get is a hard landing, where they don't have any agreement and all the huge taxes, $536 billion in tax increases, $110 billion in spending cuts happen pretty much all at once in january. jamie: for folks who are not professional investors but have their retirement account and hoping it will grow, when you see a selloff at the end of the year, what does that mean? people are getting their money
Search Results 0 to 20 of about 21 (some duplicates have been removed)